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20130801
20130831
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, in washington, d.c., in st. louis, in kansas city, in detroit, in flint, michigan, and other areas around this -- fast food workers. they were people who work in burger king, mcdonald's, popeye, they are the ones who give you the hamburgers and the french fries. what they are saying is workers all over this country, they cannot make it on $7.25 an hour, $7.50 an hour. often they are unable to get 40 hours of work and in most cases they get no or very limited benefits. all over the country, these workers, often young people, are walking out of their establishments, their fast-food places and are educating the consumers about the economic injustice taking place in these fast-food establishments. what they are saying is we need to raise the minimum wage in this country, that american workers cannot exist on $7.25 an hour which is the national minimum wage now or $8 an hour or $9 an hour. my own view is that the very least we should be raising the minimum wage to $10 an hour. just do the arithmetic. if somebody is making $7.25 an hour and if they are lucky enough to be getting 40 hours a week
painful constraints to calm as we have seen in europe and detroit last week? >> you no, you framed this all very well. i think it's so important as tommy said to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. i was the last to arrive because i had been chairing a meeting on energy and another part of the capitol complex and i walked then and there were 16 or 17 people in the room leaders in the house and senate republicans and democrats. the chairman of the federal reserve and the secretary of the treasury of the bush administration and it was about 6:00 in the evening. they actually posted a guard at the door and close the door. it was very unusual as you know. i knew something dramatic was afoot. and i sat down and the meeting began. this degree of the treasure in the chairman of the federal reserve told us they were taking over aig the large insurance company the next day. they made very clear they were not
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